Humanode, a crypto-biometric community the place one human equals one node and crypto agency Paradigm’s in-house undertaking, at the moment introduced it efficiently closed a $2 million seed funding spherical.
Led by Republic Capital, the seed spherical was supported by others together with Tribe Capital, Blizzard — the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, together with Polygon co-founders Jaynti Kanani and Sandeep Nailwal.
“In the mean time, crypto governance is a plutocratic nightmare fraught with whales and Sybil assaults. Humanode is laying the foundational infrastructure for strong, totally pseudonymous digital identities that may function a cornerstone of our more and more immersive digital world.”
– Alex Ye, Managing Companion of Republic Crypto
To understand their purpose of 1 human = one node = one vote to beat the myriad of recognized points in crypto-economics and governance, Humanode makes use of a consensus mechanism based mostly on crypto-biometric identification. The Humanode group developed a layer-1 protocol that gives sturdy Sybil resistance by way of extremely correct personal biometric algorithms in shut cooperation with Facetec.
“Sybil assault is what stands between humanity and a very new approach of interplay with the world round us. It’s not only a blockchain drawback. Bots are a scourge of any high-level digital infrastrastructure and we’re right here to eliminate them in a personal and decentralized trend. By delivering a blockchain based mostly on biometrically verified pseudonymous identities we need to be sure that any programs constructed on prime can make sure that nodes are distinctive actual residing and respiration human beings. Thanks Republic Crypto and Alex Ye specifically for having our again. Humanode welcomes everybody to affix its endeavors and with rejuvenated energy we press on ahead into the untamed frontier of laptop science.”
– Humanode Co-Founder, Dato Kavaz
Ready to launch its public sale and mainnet in summer time 2022, Humanode lately launched V2 of its testnet platform. There have been greater than 11,000 purposes to turn into one of many world’s first human nodes (biometrically verified validator nodes), and over 3,000 had been invited to take part, with over 500 validator nodes operating concurrently.
Following the two-week closed beta for V2, the general public open beta model of the software program was launched on December twenty third, and a further 1,150 human nodes had been launched, bringing the variety of lively distinctive validators to 1,650 as of February tenth, 2022.